The near term chart for ERTS is neutral. I've been derivative long the stock via naked May 55 puts since 4/26. It held above the mid-term support around $56 again but there is now some developing overhead resistance in the $60 range.
If it breaks below $56 then there is a real chance it will fall to the next support level around $50. Even if it gets through the resistance around $60, it has additional resistance at every dollar mark until it can finally get through that stubborn resistance in the $64 area.
Heaven forbid. Sorry, my mind is a million miles away. I'm completely focused on SUNW. Uhmm, ERTS is making a harami right now which could be bullish but if we don't get our downtick I wouldn't count on anything going up right now. I'll ask Leroy to post something.